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I'm living here in Venezuela, I'm from Canada, westerners can't comprehend how low house prices are going to be once their is no more credit, the only reason for high house prices is because of mortgages. House prices crashed 75-90% here because you can't get a mortgage, all real-estate transactions here are cash sales, I've bought real estate here for literal pocket change compared to Canada, $7k for a beach house, $17k for a town house. When the dollar collapses you're going to buy homes for a single oz of gold... the world runs on credit, once credit collapses it changes all values
I lived in Brazil during hyperinflation in the 70's early 80's. Interestingly real estate did not really keep up. People wanted hard currency and metals back then.
During Weimar Hyperinflation people were buying houses, land, and real estate for as little as 4 ounces of gold and like 20-40 ounces of Silver, i think you might be underestimating just a little
I have seen this claim about Weimar Germany made many different times, but I have never seen the actual proof that this statement is true. Furthermore, I have also talked to a few people who migrated here from Venezuela in the last few years (admittedly this is a very unscientific strategy) and i see no actualproofof it in this case either. I'm not at all doubting what you are saying, but I'm a facts and statistics type of guy, so if you have actual proof this, I would sincerely like to see it. Thanks in advance.
@@mrthomas41 I'm a Canadian retired here in Venezuela, you wouldn't believe how cheap real estate is compared to NA, and it's going to get cheaper once the dollar collapses, no mortgages house prices will collapse 75-90% over night, cash sales only, I bought my homes here for literal pocket change, I carried the money in my pocket on the plane it was so little
Would be awesome if you did; these videos make home ownership seem more realistic when weighed against metal ownership. Might end up being motivational for younger viewers!
New sub here all the way from Austin Texas!✌🏻 Great information! Thank you! Very much appreciated!!! How do I start saving my money in Gold and Silver and as an expert what is your recommendation on the amount to invest on each precious metal? Thank you in advance!
In 1924, the average price of a house was $7,720 and gold was $20.67/ounce. This means the average 1924 house cost 373.48 ounces of gold. In 2023, the average price of a house was $412,000 and gold was $1943/ounce. This means the average 2023 house cost 202.04 ounces of gold.
By 1924, the Fed was instated and had begun printing more cash than there was gold. Please find data for prior to 1913 to remove the involvement of Keynesian money printing from your data about previous metal values. If you would like to continue talking about the statutory price set by the government, let's talk about why the current statutory price of a gold ounce is set to 42. 22 dollars.
I grew up in Poland and moved to US at age of 15, hopefully Polish wife is treating you well bold guy! My prediction for silver is 500 oz for a average house, when dollar fails and everyone rushes to metals some people will have to sell their homes to survive.
@silvercontained the central banks are a criminal conspiracy, planned out to control who? Pretty soon the US Marines will be escorting all treasonists and conspirators to Guantanimo Bay detention center for trial.
I think the pumped-up real estate values will drop significantly, and that’s why that person you’re referring to says you’ll be able to buy a house for a few pieces of metal. 😂 The tire is gonna blow, so make sure you duck when all the pieces go flying! :)
BRICS can make new money back by gold , UAE can say sell oil only for gold , paper gold market can crash , all that can start in one day will be perfect storm who know the future ?!
Your weekly perspectives are great, and I enjoy how you use the value of gold and silver and the purchasing power they offer now and, in the future. Keep up up the fight!
Mike Maloney said 500 ounces of silver bought a single family median home in 1980, and this time around should be no different if not better, same goes with the Dow/gold ratio
It aint gonna cost no 14,000 ounces of silver to buy a house. About 980 million ounces of silver are mined each year and there has been a 270 million ounce deficit each year. These mines are not gonna keep up with the industrial demand. Plus the dwindling above ground supply....
We are 2 years away from buying a 1,500 square brand new starter home for 1,500 troy ounces of silver and a brand new 2,500 square foot new spec home for 2,500 troy ounces.
I agree with you.. I believe the reason so many people think you'll be able to buy an average house for such little metal is because of other countries that have gone through hyperinflation for example Weimar Germany you could buy an average mansion for 5 oz of gold during the hyperinflation.. it's because the price nominally of gold will go or stay up as other assets go down. And when the whole world wakes up to these concepts now that we are all so socially connected and realize that there's only enough physical gold on earth for each individual to hold two and a half ounces and only enough silver for each person to hold 5 to 6 oz You start to understand that a person's entire life worth should be able to be held in 2 and 1/2 oz of gold. The average person makes two and a half million dollars in their lifetime divide that by 2 and 1/2 oz of gold? I agree with your business model having one video a week that is the most important factual data in the least amount of time! We are all busy and our time is valuable if you value our time we will value your channel 😊
Why does an hypothetical equitable division of metals have to exist before assessing the appropriate value of the metals? That's where you lost me. Shouldn't any value be invariable to possible divisions? End of the day, 2 ounces of gold is just 2 ounces of gold. And if everyone already has gold why would they need gold? If anything. If everyone has gold that could lower its value.
@@anonymous071985 everyone today has dollars or yen or other currency, that's not what devalues it.. bringing a ton more currency into the system is what devalues it printing it out of thin air devalues faith based IOU's of insolvent entities. takes a lot of time energy and work to pull metals out of the ground. So if everyone held physical gold and silver ( which they don't) as the new hard sound physical money and got rid of currency it would absolutely hold its value as a store of wealth a medium of exchange etc. and as of today it's a very tiny percentage of the world population actually hold physical precious metals I believe somewhere between 3% and 5%. If this didn't answer your question please rephrase perhaps I misunderstood.
All values are subjective of course but in moments of extremes our assessments change according to our immediate circumstances. Imagine when no one has access to a loan from a bank because banks won't lend fiat but another person has to sell a home at whatever value is possible, what does that do to change your personal subjective reality about values? Let it play out on that desperate day. Back whatever horse you think is worthy, it is all a calculated risk.
I bought a house with 1.25 acres land, a guesthouse and a chicken house in Sweden in 2013 for roughly 3 weeks income, what was at that time 3.5 ounces of Gold. House was build in 1986, guesthouse 1955. The bottom price will be 1-2 years rent. This price will come when the job availability is very low, interest is high and credit availability is low. And don't get fooled by the "experts" telling you price is build by location, location and location.
I've sold my house a few years back due to health reasons and will no longer want a house. But I do have a fair amount of gold physical not on paper. Pluss RRSP,S IM 59 AND AM COMFORTWBLE.
Regarding 12:20, the government of the United States uses two very different prices for the value of gold. The United States Mint uses the market price of gold which rose to $2,449.80 per troy once on May 20, 2024. On the other hand, the Federal Reserve ironically still uses the archaic price of gold of only $42.22 per troy ounce established since February 12, 1973.
The Federal Reserve undervalues the value of gold at only $42.22 per troy ounce and does not value gold according to its market price. On the other hand, the United States Mint which is a part of the Treasury Department and uses the market price of gold to sell its gold coins for a profit to the public. Furthermore, it costs a mere 8.6 cents for the Bureau of Engraving & Printing which is another part of the Treasury Department to produce a $100 bill. Therefore the profit that the Treasury Department makes is known as "Seigniorage" and it is a lucrative $99.91 profit for every $100 bill that is printed. In other words, the BEP can print $100 Federal Reserve Notes for only 8.6 cents each and sell them to banks for $100 each.
The Federal Reserve Operations Manual says to revalue gold when national debt becomes a problem. Some estimate that revalued price at $25,000, which means that average priced $420,800 home could cost around 17 ounces of gold...assuming the fed would not only adjust the statutory price and also hand out $25k for each ounce of gold given to them (they'd reopen the gold exchange window).
In the UK, my 3-storey Victorian semi-detached from 1895 was originally sold for 95 Gold Sovereigns. This should give some idea of the true value of houses versus previous metals.
Poland? That's a surprise. I was Born in Poland and just finished a 10 day tour with some German friends, who never have been there before. We went to Wrocław, Kraków, Warszawa, Gdańsk and Sopot. My friends were absolutely delighted. Beautiful cities, beautiful WOMEN 😱😻😻, good food and low prices. Enjoy my old country! Good content BTW. I've been buying gold and silver for around ten years now. Wish you all the best! 👍🏼
Hey BGM! Here is my question that has been on my mind for DECADES! I would love for you to answer this question in your next video. I have heard many, many times that in Weimar Germany you could have bought an entire house for only a few ounces of gold. Also I've heard that you could buy an entire block in downtown Berlin for 20 or 30 ounces of gold. In fact, several people in the comments section to this very video have made the same claim. I have never seen actual proof of this. My theory is that somebody said it one time, a long time ago, with no evidence, and that person has been quoted and re-quoted over and over. Now this one guy's quote is their only "proof." I would love to see actual proof that this is (or is not) actually the case.
Germany 1923 HYPERINFLATION, HITLER'S PUTSCH, AND DEMOCRACY IN CRISIS, a book by Volker Ullrich, a historian (Author), Jefferson Chase (Translator) - based on historical records, newspapers, memoirs, correspondence of the time. STEFAN ZWEIG ON THE 1923 HYPERINFLATION (1943). Stefan Zweig's autobiography.
What I'm saying is a fact the reason why the treasury does not print a trillion dollars and buy gold is because the people who are running our government do not have this country's best interest at hand that is a fact we're the only country that is not buying gold and silver and stacking it up the central banks may be because they are private but this government decides it's not going to stack gold and silver up but all the other major countries are even European countries are doing this now
Waaaaay less, imagine if the crowdstrike thing happens again and theres no more mortgages… way way less itll be like 50oz silver for a small home, 100oz for a medium home and probably 250oz for a big home.
Very interesting, you answered many questions I have had. Thank you for making the calculs easier to understand through your presentation. Cheers and welcome to your new (old) home.
Thank you! In the economic crisis that's drawing nearer by the day, precious metals (especially Silver) will be the "Last man left standing". I plan on using my Silver to buy real estate when that time comes.
In the 2008 GFC my brother bought 2 houses in Florida for 10K each and about 4 years latter he sold each house for 420K. (Real numbers here) So he put down 20k and got back about 850k 4 years later. Imagine that with a crazy bull run, hiper inflation and financial breakdown you will probably be able to buy a house with an equivalent 500 bucks.
I would like to see you do a video about how much they have manipulated the paper, gold assets, and how that has made a big difference in the price of gold and silver now as compared to how it was years ago. Because they have sold way more gold paper assets than they really have in gold. Which makes physical gold and silver that much more valuable.
Thank you for all your Videos!!! You do not scare or over value the Metals Market. My wife family comes from Poland, she asked me to ask you what City you live in? As always please stay Healthy & please stay on UA-cam!!! FreddieB (MA) 😊😊😊😊😊
Low purchase prices of homes will depend upon how bad it gets and how many homes that person owns. A vacation home may just go for a low sum of Gold or Silver.
I know “no news is good news” but… thank you for keeping you video short and to the point. Wow! I didn’t know you were in Poland! A few of my friends moved back to Croatia to escape Canada’s lockup and forced “V” during the beerdemic I comment something every video to help your channel, but… I’ve never asked a question before because you seem to answer everything I can think of. However, I have 2… 1) why did you pick Europe and more specifically Poland to live and where did you move from? We might be moving and not sure where on earth. Croatia, Hawai’i, Florida ? 2) what is the best way to exchange metals to buy a house one day? Do metals get taxed when you cash out? Will they think it’s a shady when someone cashes out a big lump sum? As for capitol gain, how would anyone know what the metals were purchased for Etc etc Thanks from Vancouver Canada! 🍻
Great questions Tony and thanks for commenting so regularly. On your first question, I moved from Dubai (no tax jurisdiction) to Poland simply to slow my life down and focus on what's most important to me - my family and my health. As for using metals to get a house - I think the absolute best way is to secure a loan against the precious metals which solves the issue of gains (there are no gains because you not selling) and you still benefit from price increases as you pay back the loan as the metals are still technically yours. i spoke about it with Rick Rule - it's near the end of that video - maybe check it out again.
This is the topic that really gets deep with me. I always feel precious metals should have superior purchasing power over real estate. If I had my way a house would cost a 1/10th ounce gold coin.
We are 2 years away from buying a 1,500 square brand new starter home for 1,500 troy ounces of silver and a brand new 2,500 square foot new spec home for 2,500 troy ounces.
I can't eat gold or silver I'd rather store food and lots of it that's going to last me for years plus water in good shelter and This Disaster happens I would not want to be around any humans
The problem will not be how much gold or silver you pay for a house - it's whether the house will have access to infrastructure - gas, electric, sewerage, water etc . . . otherwise it's just a Squat . . .
i bought my first home (3/1.5 brick) in 1978 for $31,500.00. two years later w silver peaking at $50 oz, it would have cost 630 ozs silver. i know it was a peak but i believe that is the timeframe you are discussing.
Bald guy I watch your videos quite a lot. I value your insight. Great minds think alike and I appreciate. You sharing with us your opinions. I may not agree with everything you have to say, but I do watch your videos and should say a lot. God bless you and yours.
Very realistic, and even downplayed. In fact, in the Depression, just a few gold 1 oz coins bought a house at one point (5 or 6), and 30 ounces of silver. When food is scarce in the USA (It is coming, as a form of correction from God, from the deep and multiple sins of the USA), that's when gold and silver will be most valuable. Stay humble. Give the same value to any honorable man or woman, regardless of where they are from. Look at the heart and not the exterior appearances.
Congrats on the move back home! I really enjoyed the “oz of gold to buy a house” logic. I am very intrigued by the land of land page. Will check it out.
Look at Hotel owners, and commercial real estate owners walking away from there land and buildings in San Francisco.. a 1/4oz is more than what they get from just walking away..
Well, they are walking away from obligations that would cost way more than 1/4 oz of gold. I get what you mean - but I want to keep things as realistic as possible here. Thanks for watching and commenting Fred. I appreciate it.
it is so great to have you here in Poland 😊 i hope to see you on a silver event in a near future😊 what Polish city have chosen to live in? have a wonderful time in our beautiful country 🥂👍
Hi Bald Guy, I have so far stacked up 17.6 kilo of silver bullion. There are some UA-cam video's with economists forecasting in the coming crash that the price of gold and silver will rise by 600 times, due to being suppressed through the release of gold and silver paper shares deliberately to suppress the prices as the fiat currency loses value through printing so people don't notice. If the price of silver is suppressed by as much as 600 times its value and the economy hits rock bottom the price of metals will spring back to their normal value, example: what would 17.6 kilo of fine silver be equivalent to in assets 100 years ago? Can you speak on this please?
The lurking problem is that you will have to pay taxes on your "capital appreciation" on your gold when you try to redeem your gold into fiat to make the purchase. Where did you get the money to buy that gold? The government in a fashion analogous to civil asset forfeiture will require you to prove where you got the money to buy that big ticket item, and will not only assess the usual property tax on your property, but also your gold. Remember the three axioms of governbemt=nt: 1.) It always gets bigger (expands control) 2.)There is never enough money 3.) They will do whatever it takes to get more money Now silver paid under the table for small purchases like food, a bicycle, a some hand tools or small job is different but gold is too concentrated a form of wealth and thus is useful for acquiring big ticket items like cars, homes- things that the govt can track and follow the money pedigree through present methods of registration and taxes. This is all a derivative of central bank digital currency.
This what they call “a known, known” - everyone should certainly take their local tax situation into account and actively try to get to a place where the bill is reduced.
@@baldguymoneyofficial Yours is a BS cop out reply. You are a wimp if you passively accept the "right" for the goverment to tax you on nominal gains of money that has been inflated because of their reckless deficit spending and printing.
Hi BGM. I appreciate that you are not joining the put out a lot of videos group. Others that I like put out so much and I pick and choose what to watch as they are not all good. YOURS however, I not only watch each one but I look forward to them. Thanks again!!!
I believe that we are going to see Silver become unobtainable! That being said I also believe Silver at some point will reach one to one ratio with Gold. With this scenario being said, the real estate market crashing and silver and gold being worth at least $50,000 per ounce as I heard Jim Sinclair describing Gold at $50,000, and my belief of Silver being at par with Gold: I believe you will be able to buy houses for a handful of silver coins. Depending on the area of the United States that you live in when the dollar ceases to be the reserve currency, I believe some houses in lesser quality areas will be able to be had for only a few ounces of gold or silver.
As always, a very reasonable assumption to a topic which has been a greatly exaggerated topic. Question 1. Do you think a silver infused fuel is being used in the Pulse Detonation Engine which has been developed by the USA? Question 2. Do you think the Silver price has been surpressed to support the US and British military structures, with an emphasis on the production of Silver Acetylene type explosives?
I think it will be possible (maybe not very probably, but possible) to buy a house in US or Europe for several ounces of gold (or maybe about 250 ounces of silver). Than price of gold (and silver) has to be revaluated (chodzi mi o to, że wcześniej musi nastąpić rewaluacja cen złota i srebra). If 1 oz. of gold will be for 20.000 USD and GSR 20-30, than what I wrote before, it will be possible.
Yes - the 1980 blow off top is a statistical anomaly - I don’t include it in my content because of the circumstances surrounding it. Will do a video on it soon.
During the hyperinflation of the Weimer Republic, a single family home could be purchased for 5 ounces of gold. If the worst case scenario happens here in the US, might we see comparable ratios for metals and real estate?
I don't think we'll see numbers like that - and those stats do not take into account the types of transactions made back then. They might not be the types of places people really wanted to live (below median quality).
@@baldguymoneyofficial I think we will see numbers like that. Only when is the question. Great reset remember, they will make everthing you own worthless. That's when PM come in. I'll wait till we see half an ounce for a free standing home with decent ground here in the Netherlands.
@@almarkowbender I n the 1600's here in the Netherlands you could buy a 'house' called 'grrachtenpand' in the centre of Amsterdam for half an ounce. I don't see any reason why we couldn't return to that. Only reasons it will.
How about a handy, dandy, crib or Bald Dude cheat sheet ... that we can carry around in our vest pocket as a referance card that visually tracks the optimum and anticipated price of pm's into timely strategic conversion assets. In other words something we can look at as an investor valuation target .. when it is best to reverse stacking ... into other revalued hard assets. Price, time, ratio, graph, map or crystal bald guy ball ? Love your content ... even if I have to start learning Polish for the content. In simple terms ... gold for dummies.
Hi Bald Guy! Thanks for the informative videos. Question: Per the pricing of houses per value of gold, are you taking into account taxes one must pay when cashing in to buy those houses? Thanks.
I love this, it hasn’t even been 15 years since this song was on the radio last. Gold is going to the moon, you’ll be able to buy a house for 2 1/2 pieces of gold, anybody holding gold will be billionaires. 15 years later same people are holding the same gold barely keeping up with inflation. The only one making money today and the last 15 years are the sellers and brokers. 👍👍👍👍
A couple years ago I escaped Canada with my family and are now in Japan. We had friends who did the same. They and another friend bought pretty good houses with land with about a 1/4 acre in a rural area for the equivalent of 10 gold ounces. Ours was a bit more pricy, the equivalent of 60 ounces. The value of the Yen has declined around 40% relative to gold in the last couple years thanks to relentless money printing.
@@baldguymoneyofficial I hear great things about Poland now. I had a neighbour who escaped Poland twice when it went full communist and fled to Canada. In 2021 she saw the same signs in Canada and escaped just a few months after us.
Hi Baldy, I do not blame you for living in Poland, I live in Czech Republic instead of Canada and enjoying it. How far do you live from the Czech town Nachod? We are shopping in Poland fairly often.
You're right, you have to do some due diligence. I'll be looking into that service to see what it's about. I moved to Florida in 2010 so I know some things about their real estate transactions and property purchases. You definitely have to look out for yourself here, there's no consumer protection. Buyer beware. Congrats on your move.
Hey Bald Guy, enjoy the thought experiment. Personally I believe 2492 oz is a conservative number compared to the 1000 oz per house in the 1980s silver highs. It sounds like it could play out in a number of scenarios... A. Median housing price COULD possibly drop to $75K based on silver at todays pricing. B. Based on your silver (I believe mid 60's) prediction... Median US house prices could potentially drop to roughly $160k C. If Median house prices stayed the same Silver prices could indeed reach a potential $168.72. What are your thoughts on how silver and housing will meet?
1/4 oz. Of Gold for the average house, can only happen if Gold goes to 400k to 500k an ounce, assuming the average house would be 100k to 125k. This would be really crazy, along with really crazy inflation.
Excellent video and honest comparison! Perhaps I missed it, but have to take into consideration the TAX when selling the metals before you can purchase anything. The numbers may be different, depending on the Laws at the time one sells the metals. The Silent partner always has a say in your profits.
You do - but that applies to anything you buy and sell (for investment purposes). The reason I don't talk about it much here is because the law differs from place to place. If the law was the same everywhere it would be an easy topic to cover.
You have to remember that Blackstone and other hedge funds bought a lot of this real estate back in 2020-2021. We are at nosebleed levels in real estate even after the "decrease" due to high rates. In my neck of the woods there are houses that sold for 75 to 80k about 7 - 8 years ago that are going for 250 to 400k now. Unsustainable. Plus if any of these hedge funds ever go bust the price of houses will nosedive. The work from home thing contributed some but I think it is mostly due to the hedge funds and an over abundance of want to get rich quick air bnb buyers.
Hi Bald guy, As we know, gold rises during wars and crises. What about silver? To be completely honest, it is a precious metal and is used in industry in particular, but during crises and wars, industrial consumption decreases. Is it possible that we will see gold rise and silver fall during crises and wars?
I may think about that - but it's hard because I have it in multiple locations now. I'm not keeping any of it in my home as I did in Dubai. Thanks for the comment!
I think its going to be much less simply because the price of metals would have to go up much more when they are in demand and used to hedge on money. We simply do not have enough silver for 4000oz to equal a house. Just imagine everyone who has a house now has 4000 oz of silver
You need to be careful when buying land. Some land you cannot build on. Perc test may be required as well as many other things making it suitable for what use you want.
Congrats on the move to Poland! Do you think you could please do a video breakdown of what type of gold and silver you recommend (e.g. 1 ozt sovereigns, 100 ozt bars, etc.), and where you recommend selling when the time comes (big dealers like PIMBEX, local coin shops, private party, etc.)? Thanks, and congrats again!
The only problem with real estate is yearly taxes. I never had to pay taxes on my stack. Apparently the metals are going up at least as well as real estate.
More than real estate - but real estate yields a return. If you hunt - you can get food on your land. If you have farmland, you can lease it to a farmer. Own a house - rent it out. There are risks and rewards everywhere.
Houses can get very cheap as much as an ounce since in a hyperinflated economy people will need money to buy food and other nececities that will be extremly expensive. Agree with me mr Bald ?
They legally can't print dollars and buy gold. They borrow money in the form IOU's handed over to the reserve. The reserve then tries to send them out in the form of bonds and treasuries to the world countries and people. If accepted the mint is allowed to print the money and handed to the treasury. That is then handed over to the treasury as a you owe me. The biggest problem is Janet doesn't think she has to pay the money back and just focus on the interest and just keep borrowing even more. The Mint will just print more. They've been doing it for 113 yrs. Why stop now? All the policies in place, subsidies, creating jobs, handing out money for college, growth, protecting banks from foreclosures on housing ect. Has been the policy since 1934 because they don't' want to see another great depression. On the other side of that. They created the depression by printing money.
It depends on where you live and how long you’ve held the metals. It’s a great question, but too many variables for me to accurately incorporate into such a video.
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I'm living here in Venezuela, I'm from Canada, westerners can't comprehend how low house prices are going to be once their is no more credit, the only reason for high house prices is because of mortgages.
House prices crashed 75-90% here because you can't get a mortgage, all real-estate transactions here are cash sales, I've bought real estate here for literal pocket change compared to Canada, $7k for a beach house, $17k for a town house.
When the dollar collapses you're going to buy homes for a single oz of gold... the world runs on credit, once credit collapses it changes all values
very interesting insight for those who could not comprehend the chaos that would ensue
That's a good comment. Something for me dive into. Cheers!
I lived in Brazil during hyperinflation in the 70's early 80's. Interestingly real estate did not really keep up. People wanted hard currency and metals back then.
Thanks Matt, very helpful information 👍
You are 100% correct but no one will listen until the markers run out!👍
During Weimar Hyperinflation people were buying houses, land, and real estate for as little as 4 ounces of gold and like 20-40 ounces of Silver, i think you might be underestimating just a little
Agree
I have seen this claim about Weimar Germany made many different times, but I have never seen the actual proof that this statement is true. Furthermore, I have also talked to a few people who migrated here from Venezuela in the last few years (admittedly this is a very unscientific strategy) and i see no actualproofof it in this case either. I'm not at all doubting what you are saying, but I'm a facts and statistics type of guy, so if you have actual proof this, I would sincerely like to see it. Thanks in advance.
@@mrthomas41 I'm a Canadian retired here in Venezuela, you wouldn't believe how cheap real estate is compared to NA, and it's going to get cheaper once the dollar collapses, no mortgages house prices will collapse 75-90% over night, cash sales only, I bought my homes here for literal pocket change, I carried the money in my pocket on the plane it was so little
@@MattVenezuela Your comment is extremely helpful to me! Thank you very much!
Agree, yeah, my mother lived through it and saw those numbers as a little girl
I started collecting Silver and Gold a couple years ago on a schedule. I am so happy I started this venture!
One of the best things you can do!! Wishing you a great day!
We should do a update like this once a quarter. Super valuable information.
I think that’s an awesome idea!!
Would be awesome if you did; these videos make home ownership seem more realistic when weighed against metal ownership. Might end up being motivational for younger viewers!
@@Noseyyyyit’s my plan!
This has been one heck of a great episode of Bald Guy money!
New sub here all the way from Austin Texas!✌🏻
Great information! Thank you! Very much appreciated!!!
How do I start saving my money in Gold and Silver and as an expert what is your recommendation on the amount to invest on each precious metal? Thank you in advance!
In 1924, the average price of a house was $7,720 and gold was $20.67/ounce. This means the average 1924 house cost 373.48 ounces of gold.
In 2023, the average price of a house was $412,000 and gold was $1943/ounce. This means the average 2023 house cost 202.04 ounces of gold.
Yep...he will ignore you...
By 1924, the Fed was instated and had begun printing more cash than there was gold.
Please find data for prior to 1913 to remove the involvement of Keynesian money printing from your data about previous metal values.
If you would like to continue talking about the statutory price set by the government, let's talk about why the current statutory price of a gold ounce is set to 42. 22 dollars.
and now is 170 ounces of gold
@@ministryoffunk3417Question our own government?? How dare you. Kidding. Great points you have here, thanks.
You made it more simpler than this whole video. Thanks
I grew up in Poland and moved to US at age of 15, hopefully Polish wife is treating you well bold guy! My prediction for silver is 500 oz for a average house, when dollar fails and everyone rushes to metals some people will have to sell their homes to survive.
My wife is great. We’ve been married for 17 years. I am blessed to have her.
If the markets ate ever aloud to trade freely. Unfortunately centrel banks wont aloud that to happen.
@silvercontained the central banks are a criminal conspiracy, planned out to control who? Pretty soon the US Marines will be escorting all treasonists and conspirators to Guantanimo Bay detention center for trial.
I think the pumped-up real estate values will drop significantly, and that’s why that person you’re referring to says you’ll be able to buy a house for a few pieces of metal. 😂 The tire is gonna blow, so make sure you duck when all the pieces go flying! :)
Agreed.
BRICS can make new money back by gold , UAE can say sell oil only for gold , paper gold market can crash , all that can start in one day will be perfect storm who know the future ?!
27561 oz of Silver for a house is an insane amount. Even 4618oz is a huge amount that very few people own.
That was price though. Shows you how far silver has come despite the people who are always so bearish on it.
I'm pretty sure it is just to be used as a ratio so you can compare apples with apples.
@@baldguymoneyofficialYou are a Mason. I see through you and your wolves here on UA-cam. You are going to the pit soon.
Gregory Mannarino is a Freemason Google it. Lynette Zang too and Gerald all of them.
My 5400 ounces of silver were lost at sea.
Your weekly perspectives are great, and I enjoy how you use the value of gold and silver and the purchasing power they offer now and, in the future. Keep up up the fight!
Thank you so much!
Mike Maloney said 500 ounces of silver bought a single family median home in 1980, and this time around should be no different if not better, same goes with the Dow/gold ratio
It aint gonna cost no 14,000 ounces of silver to buy a house. About 980 million ounces of silver are mined each year and there has been a 270 million ounce deficit each year. These mines are not gonna keep up with the industrial demand. Plus the dwindling above ground supply....
We are 2 years away from buying a 1,500 square brand new starter home for 1,500 troy ounces of silver and a brand new 2,500 square foot new spec home for 2,500 troy ounces.
I think I can see a pattern there.
@@nomadbrad6391really? 2500 troy ounces is wild, id never trade that in for a house unless it was a 3500sq ft house and paid off completely with it.
@@nomadbrad6391is that taking in to account the tax you'll have to pay on your silver gains?
That doesn’t change the paper manipulation
I agree with you.. I believe the reason so many people think you'll be able to buy an average house for such little metal is because of other countries that have gone through hyperinflation for example Weimar Germany you could buy an average mansion for 5 oz of gold during the hyperinflation.. it's because the price nominally of gold will go or stay up as other assets go down. And when the whole world wakes up to these concepts now that we are all so socially connected and realize that there's only enough physical gold on earth for each individual to hold two and a half ounces and only enough silver for each person to hold 5 to 6 oz You start to understand that a person's entire life worth should be able to be held in 2 and 1/2 oz of gold. The average person makes two and a half million dollars in their lifetime divide that by 2 and 1/2 oz of gold?
I agree with your business model having one video a week that is the most important factual data in the least amount of time! We are all busy and our time is valuable if you value our time we will value your channel 😊
im glad i have over 800 oz of silver
Why does an hypothetical equitable division of metals have to exist before assessing the appropriate value of the metals? That's where you lost me.
Shouldn't any value be invariable to possible divisions? End of the day, 2 ounces of gold is just 2 ounces of gold.
And if everyone already has gold why would they need gold? If anything. If everyone has gold that could lower its value.
@@anonymous071985 everyone today has dollars or yen or other currency, that's not what devalues it.. bringing a ton more currency into the system is what devalues it printing it out of thin air devalues faith based IOU's of insolvent entities. takes a lot of time energy and work to pull metals out of the ground. So if everyone held physical gold and silver ( which they don't) as the new hard sound physical money and got rid of currency it would absolutely hold its value as a store of wealth a medium of exchange etc. and as of today it's a very tiny percentage of the world population actually hold physical precious metals I believe somewhere between 3% and 5%. If this didn't answer your question please rephrase perhaps I misunderstood.
All values are subjective of course but in moments of extremes our assessments change according to our immediate circumstances. Imagine when no one has access to a loan from a bank because banks won't lend fiat but another person has to sell a home at whatever value is possible, what does that do to change your personal subjective reality about values? Let it play out on that desperate day. Back whatever horse you think is worthy, it is all a calculated risk.
I bought a house with 1.25 acres land, a guesthouse and a chicken house in Sweden in 2013 for roughly 3 weeks income, what was at that time 3.5 ounces of Gold. House was build in 1986, guesthouse 1955. The bottom price will be 1-2 years rent. This price will come when the job availability is very low, interest is high and credit availability is low. And don't get fooled by the "experts" telling you price is build by location, location and location.
Those economic conditions you mention imply an economic recession or depression.
And have houses in location risen in value much ?
I've sold my house a few years back due to health reasons and will no longer want a house. But I do have a fair amount of gold physical not on paper. Pluss RRSP,S IM 59 AND AM COMFORTWBLE.
Very happy to hear you’re doing well Steve! Wishing you a great day.
@@baldguymoneyofficial thanks and same for you and yours!!
That’s fantastic! Are you looking for congratulations or a date? 😆😆
@davidphilips1205 lol nope! Just happy that I saw the writing ✍️ on the wall 🧱 years ago!
Regarding 12:20, the government of the United States uses two very different prices for the value of gold. The United States Mint uses the market price of gold which rose to $2,449.80 per troy once on May 20, 2024. On the other hand, the Federal Reserve ironically still uses the archaic price of gold of only $42.22 per troy ounce established since February 12, 1973.
What does that mean?
The Federal Reserve undervalues the value of gold at only $42.22 per troy ounce and does not value gold according to its market price. On the other hand, the United States Mint which is a part of the Treasury Department and uses the market price of gold to sell its gold coins for a profit to the public. Furthermore, it costs a mere 8.6 cents for the Bureau of Engraving & Printing which is another part of the Treasury Department to produce a $100 bill. Therefore the profit that the Treasury Department makes is known as "Seigniorage" and it is a lucrative $99.91 profit for every $100 bill that is printed. In other words, the BEP can print $100 Federal Reserve Notes for only 8.6 cents each and sell them to banks for $100 each.
The Federal Reserve Operations Manual says to revalue gold when national debt becomes a problem. Some estimate that revalued price at $25,000, which means that average priced $420,800 home could cost around 17 ounces of gold...assuming the fed would not only adjust the statutory price and also hand out $25k for each ounce of gold given to them (they'd reopen the gold exchange window).
@@slekziedsthis might sound a stupid qs but if trump gets bk into office lowers tax rates and cuts inflation do you think gold will devalue
The Fed is private
In the UK, my 3-storey Victorian semi-detached from 1895 was originally sold for 95 Gold Sovereigns. This should give some idea of the true value of houses versus previous metals.
That's about 20-25 oz of Gold (?).
Poland? That's a surprise. I was Born in Poland and just finished a 10 day tour with some German friends, who never have been there before. We went to Wrocław, Kraków, Warszawa, Gdańsk and Sopot.
My friends were absolutely delighted. Beautiful cities, beautiful WOMEN 😱😻😻, good food and low prices.
Enjoy my old country!
Good content BTW. I've been buying gold and silver for around ten years now.
Wish you all the best! 👍🏼
Cheers!! Thanks for the kind words.
Polish born here . Yes , indeed. Poland is great country , nice people and fantastic food . I still love Poland , after 38 years
Hey BGM! Here is my question that has been on my mind for DECADES! I would love for you to answer this question in your next video. I have heard many, many times that in Weimar Germany you could have bought an entire house for only a few ounces of gold. Also I've heard that you could buy an entire block in downtown Berlin for 20 or 30 ounces of gold. In fact, several people in the comments section to this very video have made the same claim. I have never seen actual proof of this. My theory is that somebody said it one time, a long time ago, with no evidence, and that person has been quoted and re-quoted over and over. Now this one guy's quote is their only "proof." I would love to see actual proof that this is (or is not) actually the case.
Yup and it was called the Weimar Republic hyperinflation, the wheelbarrow full of cash for one loaf of bread don't you recall??? Versailles anybody?
Germany 1923
HYPERINFLATION, HITLER'S PUTSCH, AND DEMOCRACY IN CRISIS, a book by Volker Ullrich, a historian (Author), Jefferson Chase (Translator) - based on historical records, newspapers, memoirs, correspondence of the time.
STEFAN ZWEIG ON THE 1923 HYPERINFLATION (1943).
Stefan Zweig's autobiography.
What I'm saying is a fact the reason why the treasury does not print a trillion dollars and buy gold is because the people who are running our government do not have this country's best interest at hand that is a fact we're the only country that is not buying gold and silver and stacking it up the central banks may be because they are private but this government decides it's not going to stack gold and silver up but all the other major countries are even European countries are doing this now
The g0vernment is smoke and mirrors, BTW they wont be paying the debt back they never had the intention!
Obummer promised to fundamentally change the U.S. 😂
That's because USA has been collapsing this country since civil war and really went all in after civil rights movement.
I had always heard that 500 oz of silver would by an average 2 bedroom home. I think that is before most houses had a garage.
It’s definitely not apples to apples. What the houses were like in some of these mythical transactions matters. Quality matters.
Waaaaay less, imagine if the crowdstrike thing happens again and theres no more mortgages… way way less itll be like 50oz silver for a small home, 100oz for a medium home and probably 250oz for a big home.
hi love the content I am a long way of buying a house I have a lowly 300 ounces of Silver but I am glad and grateful I have it
I have 50 oz of silver. That is not too much
Bald guy, you should have millions of followers. Well done!
Very interesting, you answered many questions I have had. Thank you for making the calculs easier to understand through your presentation. Cheers and welcome to your new (old) home.
Thanks for watching! Glad you enjoyed it.
Thanks for the Land of Land link, BGM! Also, one video per week is one of the many reasons this channel is solid.
Hehe but you get an extra one from Patreon.
@@baldguymoneyofficial 😄 Truth!
Thank you! In the economic crisis that's drawing nearer by the day, precious metals (especially Silver) will be the "Last man left standing".
I plan on using my Silver to buy real estate when that time comes.
Just the video I was looking for . Wow. I’m stacking silver and Gold and not selling until I’m able to buy a house cash
Best wishes for your move back to Poland. Following you from the Uk - really enjoying your content which helps to stretch my thinking
Cheers!
@baldguymoney5568 do you think gold prices will go down once trump gets bk into office what's yiur thoughts there pleasev
In the 2008 GFC my brother bought 2 houses in Florida for 10K each and about 4 years latter he sold each house for 420K. (Real numbers here)
So he put down 20k and got back about 850k 4 years later.
Imagine that with a crazy bull run, hiper inflation and financial breakdown you will probably be able to buy a house with an equivalent 500 bucks.
I would like to see you do a video about how much they have manipulated the paper, gold assets, and how that has made a big difference in the price of gold and silver now as compared to how it was years ago. Because they have sold way more gold paper assets than they really have in gold. Which makes physical gold and silver that much more valuable.
I'm Polish, so I just subscribed. Good job. Thank you.
Thanks for the sub!
Thank you for all your Videos!!! You do not scare or over value the Metals Market. My wife family comes from Poland, she asked me to ask you what City you live in?
As always please stay Healthy & please stay on UA-cam!!!
FreddieB (MA)
😊😊😊😊😊
Hey Freddie - I live in Warsaw. I lived here for 10 years already before. It's great here for me.
Low purchase prices of homes will depend upon how bad it gets and how many homes that person owns. A vacation home may just go for a low sum of Gold or Silver.
and how many people died inside the house.
I know “no news is good news” but… thank you for keeping you video short and to the point.
Wow! I didn’t know you were in Poland! A few of my friends moved back to Croatia to escape Canada’s lockup and forced “V” during the beerdemic
I comment something every video to help your channel, but… I’ve never asked a question before because you seem to answer everything I can think of. However, I have 2…
1) why did you pick Europe and more specifically Poland to live and where did you move from? We might be moving and not sure where on earth. Croatia, Hawai’i, Florida ?
2) what is the best way to exchange metals to buy a house one day? Do metals get taxed when you cash out? Will they think it’s a shady when someone cashes out a big lump sum? As for capitol gain, how would anyone know what the metals were purchased for Etc etc
Thanks from Vancouver Canada! 🍻
Great questions Tony and thanks for commenting so regularly. On your first question, I moved from Dubai (no tax jurisdiction) to Poland simply to slow my life down and focus on what's most important to me - my family and my health. As for using metals to get a house - I think the absolute best way is to secure a loan against the precious metals which solves the issue of gains (there are no gains because you not selling) and you still benefit from price increases as you pay back the loan as the metals are still technically yours. i spoke about it with Rick Rule - it's near the end of that video - maybe check it out again.
Just keep doing what you are doing. Your channel is a success. There's an old saying, "If it isn't broke, don't fix it".
Thank you so much!
This is the topic that really gets deep with me. I always feel precious metals should have superior purchasing power over real estate. If I had my way a house would cost a 1/10th ounce gold coin.
If you owned a nice home - would you sell it for so little?
We are 2 years away from buying a 1,500 square brand new starter home for 1,500 troy ounces of silver and a brand new 2,500 square foot new spec home for 2,500 troy ounces.
I can't eat gold or silver I'd rather store food and lots of it that's going to last me for years plus water in good shelter and This Disaster happens I would not want to be around any humans
I've been doing this for years, it's nice to know that I'm not the only one!😊
The problem will not be how much gold or silver you pay for a house - it's whether the house will have access to infrastructure - gas, electric, sewerage, water etc . . . otherwise it's just a Squat . . .
Surely you could also pay to install utilities with gold and silver on the cheap as well.
@@caryphillips4885
Yes exactly
Highly doubt any of those factors would change, that would mean game over for the government
i bought my first home (3/1.5 brick) in 1978 for $31,500.00. two years later w silver peaking at $50 oz, it would have cost 630 ozs silver. i know it was a peak but i believe that is the timeframe you are discussing.
greetings from Poland 4U Bald Guy - thanks for doing a great job
Cheers!
Bald guy I watch your videos quite a lot. I value your insight. Great minds think alike and I appreciate. You sharing with us your opinions. I may not agree with everything you have to say, but I do watch your videos and should say a lot. God bless you and yours.
Hi Eric! We don’t have to agree on everything. Sometimes it’s good to just talk about ideas. Wishing you all the best!!
Very realistic, and even downplayed. In fact, in the Depression, just a few gold 1 oz coins bought a house at one point (5 or 6), and 30 ounces of silver.
When food is scarce in the USA (It is coming, as a form of correction from God, from the deep and multiple sins of the USA), that's when gold and silver will be most valuable.
Stay humble. Give the same value to any honorable man or woman, regardless of where they are from. Look at the heart and not the exterior appearances.
Stumbled upon your channel. I subscribed right away. Very good information you share.
Thank you for this information Bald Guy!
Congrats on the move, thanks for everything.
Thank you Sam!
Congrats on the move back home! I really enjoyed the “oz of gold to buy a house” logic.
I am very intrigued by the land of land page. Will check it out.
Look at Hotel owners, and commercial real estate owners walking away from there land and buildings in San Francisco.. a 1/4oz is more than what they get from just walking away..
Well, they are walking away from obligations that would cost way more than 1/4 oz of gold. I get what you mean - but I want to keep things as realistic as possible here. Thanks for watching and commenting Fred. I appreciate it.
it is so great to have you here in Poland 😊 i hope to see you on a silver event in a near future😊 what Polish city have chosen to live in? have a wonderful time in our beautiful country 🥂👍
You may see me around. Possibly in Wrocław later this year.
Hi Bald Guy, I have so far stacked up 17.6 kilo of silver bullion. There are some UA-cam video's with economists forecasting in the coming crash that the price of gold and silver will rise by 600 times, due to being suppressed through the release of gold and silver paper shares deliberately to suppress the prices as the fiat currency loses value through printing so people don't notice. If the price of silver is suppressed by as much as 600 times its value and the economy hits rock bottom the price of metals will spring back to their normal value, example: what would 17.6 kilo of fine silver be equivalent to in assets 100 years ago? Can you speak on this please?
Great info!, enjoy your new home!,
The lurking problem is that you will have to pay taxes on your "capital appreciation" on your gold when you try to redeem your gold into fiat to make the purchase. Where did you get the money to buy that gold? The government in a fashion analogous to civil asset forfeiture will require you to prove where you got the money to buy that big ticket item, and will not only assess the usual property tax on your property, but also your gold.
Remember the three axioms of governbemt=nt:
1.) It always gets bigger (expands control)
2.)There is never enough money
3.) They will do whatever it takes to get more money
Now silver paid under the table for small purchases like food, a bicycle, a some hand tools or small job is different but gold is too concentrated a form of wealth and thus is useful for acquiring big ticket items like cars, homes- things that the govt can track and follow the money pedigree through present methods of registration and taxes. This is all a derivative of central bank digital currency.
This what they call “a known, known” - everyone should certainly take their local tax situation into account and actively try to get to a place where the bill is reduced.
@@baldguymoneyofficial Yours is a BS cop out reply. You are a wimp if you passively accept the "right" for the goverment to tax you on nominal gains of money that has been inflated because of their reckless deficit spending and printing.
Hi BGM. I appreciate that you are not joining the put out a lot of videos group. Others that I like put out so much and I pick and choose what to watch as they are not all good. YOURS however, I not only watch each one but I look forward to them. Thanks again!!!
Thanks for watching! Quality is more important than quantity!
I believe that we are going to see Silver become unobtainable! That being said I also believe Silver at some point will reach one to one ratio with Gold. With this scenario being said, the real estate market crashing and silver and gold being worth at least $50,000 per ounce as I heard Jim Sinclair describing Gold at $50,000, and my belief of Silver being at par with Gold: I believe you will be able to buy houses for a handful of silver coins. Depending on the area of the United States that you live in when the dollar ceases to be the reserve currency, I believe some houses in lesser quality areas will be able to be had for only a few ounces of gold or silver.
Good stuff BGM
I appreciate the quality of your videos, very unique.
Liked and shared as always
Thank you so much. I hope you have an amazing day!
As always, a very reasonable assumption to a topic which has been a greatly exaggerated topic.
Question 1. Do you think a silver infused fuel is being used in the Pulse Detonation Engine which has been developed by the USA?
Question 2. Do you think the Silver price has been surpressed to support the US and British military structures, with an emphasis on the production of Silver Acetylene type explosives?
Bravo ! you are so clear and precise. Thank you!
Cheers.
I think it will be possible (maybe not very probably, but possible) to buy a house in US or Europe for several ounces of gold (or maybe about 250 ounces of silver). Than price of gold (and silver) has to be revaluated (chodzi mi o to, że wcześniej musi nastąpić rewaluacja cen złota i srebra). If 1 oz. of gold will be for 20.000 USD and GSR 20-30, than what I wrote before, it will be possible.
I am counting on demand driving prices higher rather than a revaluation. But I know what you mean.
In Spain Galicia we can still buy a stone house for renovation for 3000 to 5000 euro
I want to buy one. Please tell me how. Thanks.
@@hombreenbusca1532 just look for houses for renovation in aldea Galicia Spain thair are abandoned villages as well
Is this your email address I can send info and pictures for you
Your videos reinforces why I buy silver, been buying silver since 2002 and I will continue to buy going forward. Thank you
Glad you found it useful.
Very interesting analysis. I like the level headed, data based approach. There's enough over the top hype in this sphere lol. Liked and subscribed.
Thank you!!!
Here in the UK, you could have bought an above average home for 1000 oz. of silver in January 1980.
Yes - the 1980 blow off top is a statistical anomaly - I don’t include it in my content because of the circumstances surrounding it. Will do a video on it soon.
I was thinking the same thing, your answer makes sense.
Your very helpful math-models, for the little guy ....is simply put .... precious!
Land where I live in NW Missouri is selling from $8000 to $12500/acre
Thanks good thoughts I’ll check out your sponsor
Id live in Poland except for my love of my 2A rights here in South Dakota.
Thx for land of land tip
Cheers!
I really like your joint ventures between today's topics and what the average stacker can learn to better themselves as a stacker
Thank you so much! Sending my best wishes.
During the hyperinflation of the Weimer Republic, a single family home could be purchased for 5 ounces of gold. If the worst case scenario happens here in the US, might we see comparable ratios for metals and real estate?
I don't think we'll see numbers like that - and those stats do not take into account the types of transactions made back then. They might not be the types of places people really wanted to live (below median quality).
@@baldguymoneyofficial
I think we will see numbers like that. Only when is the question. Great reset remember, they will make everthing you own worthless. That's when PM come in. I'll wait till we see half an ounce for a free standing home with decent ground here in the Netherlands.
It won't happen
@@almarkowbender
I n the 1600's here in the Netherlands you could buy a 'house' called 'grrachtenpand' in the centre of Amsterdam for half an ounce. I don't see any reason why we couldn't return to that. Only reasons it will.
@@smobach Definitely not in our lifetime
How about a handy, dandy, crib or Bald Dude cheat sheet ... that we can carry around in our vest pocket as a referance card that visually tracks the optimum and anticipated price of pm's into timely strategic conversion assets. In other words something we can look at as an investor valuation target .. when it is best to reverse stacking ... into other revalued hard assets. Price, time, ratio, graph, map or crystal bald guy ball ? Love your content ... even if I have to start learning Polish for the content. In simple terms ... gold for dummies.
Hi Bald Guy! Thanks for the informative videos. Question: Per the pricing of houses per value of gold, are you taking into account taxes one must pay when cashing in to buy those houses? Thanks.
I love this, it hasn’t even been 15 years since this song was on the radio last. Gold is going to the moon, you’ll be able to buy a house for 2 1/2 pieces of gold, anybody holding gold will be billionaires. 15 years later same people are holding the same gold barely keeping up with inflation. The only one making money today and the last 15 years are the sellers and brokers. 👍👍👍👍
the hype is real !
Thanks for watching.
@@baldguymoneyofficial You are very welcome ! Cheers.
A couple years ago I escaped Canada with my family and are now in Japan. We had friends who did the same. They and another friend bought pretty good houses with land with about a 1/4 acre in a rural area for the equivalent of 10 gold ounces. Ours was a bit more pricy, the equivalent of 60 ounces. The value of the Yen has declined around 40% relative to gold in the last couple years thanks to relentless money printing.
Escaping Canada = Good Idea! I did the same.
@@baldguymoneyofficial I wish we didn't have to but the future is bleak for our children in Canada. Where did you go, if you don't mind me asking?
I live in Poland now. I lived in Dubai for a while too. Both are great.
@@baldguymoneyofficial I hear great things about Poland now. I had a neighbour who escaped Poland twice when it went full communist and fled to Canada. In 2021 she saw the same signs in Canada and escaped just a few months after us.
@@baldguymoneyofficial I'd like to like Dubai. I stayed in Bahrain for half a year and the 50 degree summers were a little much for me!
Hi Baldy, I do not blame you for living in Poland, I live in Czech Republic instead of Canada and enjoying it. How far do you live from the Czech town Nachod? We are shopping in Poland fairly often.
Canada is simply unlivable. I am in Warsaw, but am planning to make a trip to Czech soon.
This is a great video chock full of a lot of valuable data and analysis… I just downloaded for future reference
Awesome! So happy to hear that.
You're right, you have to do some due diligence. I'll be looking into that service to see what it's about. I moved to Florida in 2010 so I know some things about their real estate transactions and property purchases. You definitely have to look out for yourself here, there's no consumer protection. Buyer beware. Congrats on your move.
Hey Bald Guy, enjoy the thought experiment. Personally I believe 2492 oz is a conservative number compared to the 1000 oz per house in the 1980s silver highs. It sounds like it could play out in a number of scenarios...
A. Median housing price COULD possibly drop to $75K based on silver at todays pricing.
B. Based on your silver (I believe mid 60's) prediction... Median US house prices could potentially drop to roughly $160k
C. If Median house prices stayed the same Silver prices could indeed reach a potential $168.72.
What are your thoughts on how silver and housing will meet?
I don’t think silver will crack $100 - but housing will come down to meet it in the middle where we may see my numbers become reality.
1/4 oz. Of Gold for the average house, can only happen if Gold goes to 400k to 500k an ounce, assuming the average house would be 100k to 125k. This would be really crazy, along with really crazy inflation.
Housing will adjust with inflation though - always has.
Hey Bald Guy, you are the best.I learn a lot from your videos, keep up the great work.
Excellent video and honest comparison! Perhaps I missed it, but have to take into consideration the TAX when selling the metals before you can purchase anything. The numbers may be different, depending on the Laws at the time one sells the metals. The Silent partner always has a say in your profits.
You do - but that applies to anything you buy and sell (for investment purposes). The reason I don't talk about it much here is because the law differs from place to place. If the law was the same everywhere it would be an easy topic to cover.
@@baldguymoneyofficial Yes Indeed! Its the Location, & the Time as well :)... Hopefully the Taxes for PM's will go down sometime in the future !
You have to remember that Blackstone and other hedge funds bought a lot of this real estate back in 2020-2021. We are at nosebleed levels in real estate even after the "decrease" due to high rates. In my neck of the woods there are houses that sold for 75 to 80k about 7 - 8 years ago that are going for 250 to 400k now. Unsustainable. Plus if any of these hedge funds ever go bust the price of houses will nosedive. The work from home thing contributed some but I think it is mostly due to the hedge funds and an over abundance of want to get rich quick air bnb buyers.
I believe Blackstone was the one who bought a lot up. You’re right though - unsustainable. Credit will tighten soon.
@@baldguymoneyofficial Blackstone and Pretium Partners sorry ...yes.
Hi Bald guy,
As we know, gold rises during wars and crises. What about silver? To be completely honest, it is a precious metal and is used in industry in particular, but during crises and wars, industrial consumption decreases. Is it possible that we will see gold rise and silver fall during crises and wars?
Real money value probably will be realized in our future, I agree those who hold metals will most likely benefit more than others!
You’re working hard Bald guy! The one man army. Would you ever show your full precious metals collection or just partial in the future?
I may think about that - but it's hard because I have it in multiple locations now. I'm not keeping any of it in my home as I did in Dubai. Thanks for the comment!
Also have 40 acres of Nebraska farmland, inherited the original homestead.
That's awesome!!
Do you need a wife
@@hm-od5zp have a great one, going on 50 year's
@@hm-od5zp lol, no, one is more than enough. Already have one.
I think its going to be much less simply because the price of metals would have to go up much more when they are in demand and used to hedge on money. We simply do not have enough silver for 4000oz to equal a house. Just imagine everyone who has a house now has 4000 oz of silver
Thank you man. Agree with you on the 1 video per week
You mean you don't want to see me read news articles 5 times a day? Thanks for watching!
39.9k !!! Almost at 40k!
Patreon is so worth it🤙🏽
Hey!!!!!! We made it brother. I have so many comments it's hard to keep up with them.
You need to be careful when buying land. Some land you cannot build on. Perc test may be required as well as many other things making it suitable for what use you want.
Absolutely - you have to know the zoning and taxes.
Thank you. Very insightful.
Congrats on the move to Poland!
Do you think you could please do a video breakdown of what type of gold and silver you recommend (e.g. 1 ozt sovereigns, 100 ozt bars, etc.), and where you recommend selling when the time comes (big dealers like PIMBEX, local coin shops, private party, etc.)?
Thanks, and congrats again!
The only problem with real estate is yearly taxes. I never had to pay taxes on my stack. Apparently the metals are going up at least as well as real estate.
More than real estate - but real estate yields a return. If you hunt - you can get food on your land. If you have farmland, you can lease it to a farmer. Own a house - rent it out. There are risks and rewards everywhere.
The issue with buying land is they can assess property taxes any way they sit fit and tax you out of the land, regardless of what the taxes are today.
There are always reasons not to do something. Some people say not to buy gold because it can be taken by the government.
Houses can get very cheap as much as an ounce since in a hyperinflated economy people will need money to buy food and other nececities that will be extremly expensive. Agree with me mr Bald ?
They legally can't print dollars and buy gold. They borrow money in the form IOU's handed over to the reserve.
The reserve then tries to send them out in the form of bonds and treasuries to the world countries and people.
If accepted the mint is allowed to print the money and handed to the treasury.
That is then handed over to the treasury as a you owe me.
The biggest problem is Janet doesn't think she has to pay the money back and just focus on the interest and just keep borrowing even more. The Mint will just print more.
They've been doing it for 113 yrs. Why stop now?
All the policies in place, subsidies, creating jobs, handing out money for college, growth, protecting banks from foreclosures on housing ect. Has been the policy since 1934 because they don't' want to see another great depression.
On the other side of that. They created the depression by printing money.
Bald Guy you are the best on this channel
Thank you so much!!!
BGM packs in more relevant info. with less words than any other PM UA-camr. Thanks, BGM and congrats on your new place.
Very inspiring bald guy money thank you for this great information u da man 😊😊😊
How do you cash out gold? Do you not pay taxes? After taxes can you still pay the same house?
It depends on where you live and how long you’ve held the metals. It’s a great question, but too many variables for me to accurately incorporate into such a video.